Deutsche Bank Downgrades Check Point Software Technologies Ltd. to Hold with Price Target $90.00

Brokerage firm Deutsche Bank Downgrades its rating on Check Point Software Technologies Ltd.(NASDAQ:CHKP). In a research note issued to the investors, the brokerage major Lowers the price-target to $90.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Jun 16, 2016.

In a different note, On Apr 21, 2016, Raymond James said it Downgrades its rating on Check Point Software Technologies Ltd.. The shares have been rated ‘Market Perform’ by the firm. On Apr 21, 2016, UBS said it Maintains its rating on Check Point Software Technologies Ltd.. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Neutral’ by the firm. Goldman Sachs said it Initiates Coverage on Check Point Software Technologies Ltd., according to a research note issued on Mar 21, 2016. The shares have been rated ‘Neutral’ by the firm.

Check Point Software Technologies Ltd. (CHKP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.34% or 0.28 points. Due to strong positive momentum, the stock ended at $81.52, which is also near the day’s high of $81.85. The stock began the session at $81.5 and the volume stood at 10,75,257 shares. The 52-week high of the shares is $89.98 and the 52 week low is $65.09. The company has a current market capitalization of $14,258 M and it has 17,49,01,520 shares in outstanding.

Check Point Software Technologies Ltd.(CHKP) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $404.27M. Analysts had an estimated revenue of $404.39M. Earnings per share were $1.06. Analysts had estimated an EPS of $1.03.

Check Point Software Technologies Ltd (Check point) develops markets and supports a range of products and services for information technology (IT) security. The products and services are sold to enterprises service providers small and medium sized businesses and consumers. The Checkpoint’s Software Blade architecture offers enterprises a common platform to deploy independent modular and interoperable security applications (Software Blades) such as firewall virtual private network (VPN) intrusion prevention system (IPS) Application Control Anti-Bot antivirus data loss prevention (DLP) policy management event analysis or multi-domain management. The Company offers these software blades grouped into functional packages to address specific security issues. Software-defined Protection (SDP) is a security architecture that is designed to protect against unknown threats.

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